Editor's Note:

Shares of Best Buy Inc. (BBY) exceeded our bearish exit target with a massive gap down this morning.

We also closed our CZR and YNDX trades this morning.
TAN hit our entry trigger.
I am suggesting an early exit for our AMTD trade tomorrow.


Current Portfolio:


BULLISH Play Updates

TD Ameritrade Holding Corp. - AMTD - close: 32.40 change: +0.59

Stop Loss: 31.70
Target(s): 33.85
Current Gain/Loss: + 5.7%

Entry on December 31 at $30.65
Listed on December 21, 2013
Time Frame: exit PRIOR to earnings on January 21st
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
01/16/14: The rally in AMTD seems to be picking up speed with shares surging another +1.85% today. The stock is up three days in a row. We were planning to exit prior to AMTD's earnings report next Tuesday but I am suggesting we exit tomorrow. Plan to close our AMTD position at the closing bell tomorrow. More conservative traders may want to jump out Friday morning instead. I am raising our stop loss to $31.70.

current Position: long AMTD stock @ $30.65

01/16/14 new stop loss @ 31.70, prepare to exit tomorrow at the close
01/15/14 new stop loss @ 30.65
01/14/14 new stop loss @ 30.45
01/04/14 new stop loss @ 29.90
12/31/13 triggered at $30.65



Avis Budget Group, Inc. - CAR - close: 41.52 change: -0.19

Stop Loss: 39.85
Target(s): 45.00
Current Gain/Loss: + 1.6%

Entry on January 15 at $40.85
Listed on January 14, 2014
Time Frame: Exit PRIOR to earnings in mid February
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
01/16/14: CAR garnered some bullish analyst comments this morning. The stock spiked higher in reaction and almost hit $42.50 before paring its gains. Unfortunately the pullback turned negative and CAR actually underperformed with a -0.45% decline today. Investors may want to wait for a new bounce from $41.00 before launching new positions.

current Position: Long CAR stock @ $40.85

- (or for more adventurous traders, try this option) -

Long Feb $40 call (CAR1422B40) entry $2.50*

01/15/14 new stop loss @ 39.85, triggered at $40.85
*option entry price is an estimate since the option did not trade at the time our play was opened.



Lannett Company, Inc. - LCI - close: 36.24 change: -0.65

Stop Loss: 33.95
Target(s): 39.50
Current Gain/Loss: +3.1%

Entry on January 10 at $35.15
Listed on January 09, 2014
Time Frame: exit PRIOR to earnings in early February
Average Daily Volume = 261 thousand
New Positions: see below

Comments:
01/16/14: Thursday proved to be a disappointing session for LCI. The stock added 65 cents yesterday and erased those gains today. Technically today's decline has also created a bearish engulfing candlestick reversal pattern. I would expect LCI to fall toward the $35.00 level soon. We can look for a new entry point there.

Earlier Comments:
Our target is $39.50. However, we will plan on exiting prior to LCI's earnings report in early February (no date confirmed yet).

current Position: Long LCI stock @ $35.15

01/14/14 new stop loss @ 33.95
01/13/14 new stop loss @ 33.65
01/10/14 triggered @ 35.15



MDC Partners Inc. - MDCA - close: 26.32 change: +0.10

Stop Loss: 24.95
Target(s): 28.50
Current Gain/Loss: + 0.5%

Entry on January 09 at $26.20
Listed on January 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 215 thousand
New Positions: see below

Comments:
01/16/14: I don't see any changes from my prior comments on MDCA. If this stock doesn't start showing more movement soon then we'll likely drop it as a candidate. I am not suggesting new positions at this time.

current Position: long MDCA stock @ $26.20

01/14/14 new stop loss @ 24.95
01/09/14 triggered @ 26.20




Pandora Media - P - close: 35.74 change: +0.69

Stop Loss: 33.75
Target(s): 39.50
Current Gain/Loss: + 3.4%

Entry on January 15 at $34.55
Listed on January 14, 2014
Time Frame: exit PRIOR to earnings on February 5th
Average Daily Volume = 9.6 million
New Positions: see below

Comments:
01/16/14: Shares of Pandora continued to soar with shares added +1.9% today. These are new all-time highs and P is now up 10 out of the last 11 sessions. I would not be surprised to see a little pullback toward the $35-34.50 area soon. We are raising our stop loss to $33.75.

Earlier Comments:
If this rally continues it could spark more short covering. The most recent data listed short interest at 18% of the 154 million share float. Our target is $39.50. However, we will plan on exiting prior to Pandora's earnings report on February 5th.

current Position: long P stock @ $34.55

- (or for more adventurous traders, try this option) -

Long Feb $35 call (P1422B35) entry $2.55*

01/16/14 new stop loss @ 33.75
01/15/14 triggered @ 34.55
*option entry price is an estimate since the option did not trade at the time our play was opened.



Solar ETF - TAN - close: 42.68 change: +1.14

Stop Loss: 39.75
Target(s): 48.50
Current Gain/Loss: + 1.0%

Entry on January 16 at $42.25
Listed on January 14, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 442 thousand
New Positions: see below

Comments:
01/16/14: Our brand new trade on TAN is off to a strong start. Shares gapped open higher at $42.20 and surged +2.74%. A lot of this move was due to SolarCity (SCTY), which was initiated with a "buy" rating and a $90 price target by Deutsche Bank this morning. Shares of SCTY surged +12% and pulled the rest of the solar industry with is. If SCTY sees any profit taking tomorrow it will weigh on shares of TAN.

Earlier Comments:
Our plan was to use small positions to limit our risk. Our multi-week target is $48.50. This could turn into a multi-month trade so we'll have to try and be patient.

FYI: A rise past $42.00 has created a new triple-top bullish breakout buy signal on TAN's point & figure chart, which is currently forecasting a long-term target of $61.

*small positions*

current Position: long TAN @ $42.25

- (or for more adventurous traders, try this option) -

Long April $45 call (TAN1419D45) entry $2.25*

01/16/14 triggered at $42.25 (thanks to SCTY's +12% rally)
*option entry price is an estimate since the option did not trade at the time our play was opened.



Ternium S.A. - TX - close: 31.48 change: -0.76

Stop Loss: 29.90
Target(s): 35.00
Current Gain/Loss: - 0.9%

Entry on January 14 at $31.75
Listed on January 13, 2014
Time Frame: exit PRIOR to earnings on Feb. 19th
Average Daily Volume = 204 thousand
New Positions: see below

Comments:
01/16/14: Uh-oh! The action in TX could be a warning signal. Shares opened higher, rushed to $32.99 and then reversed lower. The stock underperformed the broader market with a -2.3% decline. In doing so TX also created a bearish engulfing candlestick reversal pattern today. More conservative traders may want to raise their stop loss tonight.

Earlier Comments:
Our target is $35.00 but we will plan on exiting prior to TX's earnings report in February.

current Position: long TX stock @ $31.75

01/14/14 triggered @ 31.75



BEARISH Play Updates

Ecopetrol SA - EC - close: 35.41 change: -0.37

Stop Loss: 36.25
Target(s): 31.00
Current Gain/Loss: + 5.2%

Entry on January 06 at $37.35
Listed on December 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 716 thousand
New Positions: see below

Comments:
01/16/14: EC spiked lower this morning. Shares fell to 34.27 before paring their losses. It looks like the simple 10-dma will remain as overhead resistance for now. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $31.00. Once it's below $37.50 the next level of support appears to be the $30.00 level.

current Position: short EC stock @ $37.35

01/14/14 new stop loss @ 36.25
01/08/14 new stop loss @ 38.25
01/06/14 triggered @ 37.35




CLOSED BULLISH PLAYS

Caesars Entertainment - CZR - close: 22.76 change: +0.68

Stop Loss: 21.80
Target(s): 26.00
Current Gain/Loss: - 3.0%

Entry on January 06 at $22.62
Listed on January 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 836 thousand
New Positions: see below

Comments:
01/16/14: CZR was underperforming the market most of the week and in last night's newsletter we decided to abandon ship and exit this morning. Naturally CZR decided to bounce and outperformed the market with a +3.0% gain.

FYI: CZR would have hit our stop at $21.80 before rebounding higher today.

*small positions*

closed Position: long CZR stock @ $22.62 exit $21.94 (-3.0%)

01/16/14 planned exit
01/15/14 prepare to exit tomorrow morning
01/11/14 new stop loss @ 21.80
01/06/14 trade opened on gap down at $22.62

chart:



Yandex N.V. - YNDX - close: 43.76 chnage: +0.40

Stop Loss: 41.90
Target(s): 48.50
Current Gain/Loss: - 0.6%

Entry on January 02 at $43.31
Listed on December 31, 2013
Time Frame: exit PRIOR to earnings in mid February
Average Daily Volume = 2.7 million
New Positions: see below

Comments:
01/16/14: YNDX is still churning sideways. Our plan was to exit positions this morning and the stock gapped down at $43.05. Shares managed a +0.9% bounce by the closing bell.

*Small positions*

closed Position: long YNDX stock @ $43.31 exit $43.05 (-0.6%)

- (or for more adventurous traders, try this option) -

Feb $45 call (YNDX1422B45) entry $2.00* exit $1.70 (-15.0%)

01/16/14 planned exit
01/15/14 prepare to exit tomorrow morning
01/08/14 new stop loss @ 41.90, warning! today looks like a potential bearish reversal pattern
01/07/14 new stop loss @ 41.75
01/02/14 trade opened on gap higher at $43.31.
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



CLOSED BEARISH PLAYS

Best Buy Co. - BBY - close: 26.83 change: -10.74

Stop Loss: 38.05
Target(s): 35.10
Current Gain/Loss: +32.6%

Entry on January 08 at $38.47
Listed on January 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
01/16/14: Target exceeded.

BBY was one of the market's biggest stories today. BBY is not scheduled to report earnings until late February. Yet this morning the company issued an earnings warning for their fourth quarter. Same-store sales during holiday shopping season fell -0.9%. U.S. same-store sales plunged -1.5%.

The stock had more than tripled in 2013 (with a +237% gain last year). Investors quickly decided to hit the panic button and sell stock after today's disappointing figures.

Our bearish exit target was $35.10 but BBY gapped open lower at $25.91 and settled with a -28.5% loss on the session. BBY normally trades about five million shares a day. The stock traded over 85 million shares today.

Our put option gapped open higher at $12.00 (15-cent spread).

closed Position: short BBY stock @ $38.47 exit $25.91 (+32.6%)

- (or for more adventurous traders, try this option) -

Feb $38 PUT (BBY1422N38) entry $2.06 exit $11.85 (+475.2%)

01/16/14 target exceeded on gap down
01/14/14 new stop loss @ 38.05
01/08/14 BBY opened at $38.47

chart: